Investing.com - EDP reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
EDP announced earnings per share of €0.07 on revenue of €8.17B. Analysts polled by Investing.com anticipated EPS of €0.0624 on revenue of €11.25B.
EDP shares are up 10% from the beginning of the year and are trading at €4.90 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 3.76% from the start of the year.
EDP follows other major Utilities sector earnings this month
EDP's report follows an earnings beat by EDP Renovaveis on Wednesday, who reported EPS of €0.05 on revenue of €486.04M, compared to forecasts EPS of €0.0081 on revenue of €490.08M.
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